If you’re planning to sell in 2021, there are certain things you can do to increase the likelihood that your house will sell faster and for a higher price.
Two of the biggest factors that will influence the real estate market in 2021 are interest rates and employment.
Unfortunately, home buyers, whether they are first time buyers or investors, are faced with a lot of negative information on real estate especially in the last year. Many want to know how to sell their house in this market.
Selling a home in the future may not be as straightforward as it is today. Your home’s location, its size, and its state of repair will all play an important role in how much you receive for it. In fact, in the future, home prices will rise and fall depending on overall economy trends that are hard to predict.
The good news is that there are steps you can take now to prepare your house for the future so that you’re ready when you are looking to sell your house in 2021.
Here are some tips:
1. Work with an experienced real estate agent.
2. Turn un-utilized space into an office or gym.
3. De-clutter the home.
4. Invest in professional photography.
5. Write a vivid description
6. Don’t hesitate to get listed on multiple online platforms
Selling a house requires careful preparation and considerable time and energy. Savvy sellers are prepared with their home’s unique features, staging advice, and a plan of action.
What are the predictions on the house market for 2021?
There’s been a massive shift in how homebuyers buy and sell homes, because of the coronavirus pandemic. In 2021, we think home buying/selling will be dramatically different than it is today.
Home buying season starts earlier. The peak homebuying season used to be between June and October; however, now that rates have dropped and the coronavirus has caused unemployment to increase by more than 30%, homebuyers want to take advantage of low rates before they rise again.
How easy will it be to sell my house?
We expect home sales to decline in the first half of 2021 due to high unemployment and low consumer confidence. But as the year goes on, we project that interest rates will remain low, more distressed properties will be sold, and first-time homebuyers will benefit from programs to help them become homeowners.
Our advice for sellers is to invest in your home and keep it in top condition. If you’re thinking about selling this year, get your home ready now.
Buyers tend to prefer a home they can move into either immediately or within a few weeks. Since people may be concerned about buying a home during a pandemic, you should make sure your house is ready for buyers as soon as possible.
Buyers are likely to want move-in ready homes because they don’t want to worry about having contractors in and out of their new home during a pandemic.
Pricing Your Home Right is also super important
For many people, when buying a home, you have your ‘dream price’ but we think there is another price that is equally as important, the listing price.
The right price is critical for selling your home but getting there can be difficult.
Price your home right when it comes time to list your home. Set a price that is competitive for the market, but is also realistic. If you submit a listing that is above the current market value – buyers are unlikely to view your property and this can waste valuable time on both ends.
Use an appraisal to help you. You might also want to set a reserve price, which will be your minimum selling price. However, your agent can also suggest other ways to ensure a quick sale at the ideal price.
